You have $120,000 on deposit with no outstanding checks or uncleared deposits. One day you write a

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You have $120,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $27,000. Does this create a disbursement float or a collection float? What is your available balance? Book balance?

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Essentials of Corporate Finance

ISBN: 978-0078034756

8th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Feb 23, 2017 02:20 AM

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You have $120,000 on deposit with no outstanding checks or uncleared deposits. One day you write a

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Essentials of Corporate Finance

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